We use cookies to give you the best possible experience on our website. By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them.

Tax

Have a tax question? Ask a tax Expert

Ask an Expert,Get an Answer ASAP!

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them.

My wife and I are retired on Social security and Pay Oregon…

Customer Question

My wife and I...

My wife and I are retired on Social security and Pay Oregon Propertytax on our home. Our only income is social Security and we have not been filing fed tax returns . Should we ? Can we claim Property taxes as Tax paid like with holding tax and get a refund with no taxable income

Accountant's Assistant: The Accountant will know how to help. Is there anything else the Accountant should be aware of?

Having no other income I believed there was no benefit to filing and IRS never question us either because we had no income reported I guess .

Hello. Happy Holidays!! Thank you for choosing this Q&A service for assistance. My name is***** will be assisting you. In brief, the answer is no, claiming property taxes will not generate a refund for you. I will provide you with more information on property taxes shortly.

Property taxes reduces tax on ordinary income. As you have no ordinary income to claim, filing a return just to report the property taxes will not produce a refund for you.

--------------------------------------

In closing, my goal is to provide you with the best experience possible! Hopefully, the service that I have provided has earned a 5-star rating! Please remember to rate my service by selecting the 5 stars at the top of the screen before you leave today. Thank you in advance. If you require further assistance, use the reply box and let me know.

My name is **************. My Tax return was filed in very Early March. I am expecting a Return of some $13,000. My Tax Guy says cheque was mailed on April 26th . Is that Correct ? I live in Collingwo… read more

Filing Late Tax Return Single taxpayer needs to file 2016 and 2017 individual tax return. 2016 has a refund on the federal tax return. Can I apply that overpayment to 2017 even though the 2016 tax ret… read more

I just filed a client's tax return for 2014. Tax return filing was due 4/15/2015...filed 4/17/2018. - just met the 3 year filing window. If I need to amend, is there a new window of time to do this?… read more

When a married couple files a joint income tax return, is there a way to determine how much tax to pay for the separate property income minus expenses, and how much for the community property income m… read more

Hello, my mom is a dependent on my tax return with no work income. She does receive few thousands of social security income. She received form 1095-A and says she is required to file a tax return. Whe… read more

Finally filing 2016 income tax returns. Filing as "married filing separate return". Did not live with spouse at all in 2016. What is she on my return: an exemption? a dependent? an alimony expense onl… read more

I filed my tax return electronically but inadvertently omitted 3 pdf files that should have been attached to the return substantiating the figures I entered on schedule D and schedule A. The software … read more

Sure. I'm filing a final tax return for an Scorp with a negative SCH M-2 or AAA... There were no distributions taken out ever, The Scorp was not profitable. The Shareholders' have paid in capital with… read more

If a resident US citizen has zero earnings or other income for a few years; are they exempt from any requirement to file a tax return during those years? If that same person chooses to sell off artwor… read more

When I filed my 2016 tax return, the tax preparer used a form 4797 because in 2015 I sold a rental property. This was the only property I owned. I am retired & my annual income is a little over $20,00… read more

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.